KentuckyOne warns of possible layoffs, must improve performance by $218M

The chief executive officer of KentuckyOne Health is warning employees of cuts and possible layoffs, saying the company must "improve our performance by $218 million before the end of fiscal year 2015." "We will do our very best to reduce our expenses that do not involve reductions in workforce or reductions in the number of employees," CEO Ruth Brinkley says in a 10-minute YouTube video posted for employees. "However, I do believe that unfortunately, there will be reductions, because we must adjust what we are spending to the amount of money we get for taking care of our patients."